Sensex Heading Towards 13k?

[Venkat123]

I don't know about 13K , but i US market might see some green by end of the day. hopefully sensex recovers bit tomorrow.

US weekly unemployment claims came at 375K. Anything above 345K is recessionary. We have to wait for couple of more weeks of data before establishing a trend.

 

[arvindagra2000]

Fundamentals of India have not changed.. 14k can be there only if there is a severe crisis in US, but i think 20 k by March is a good bet

hi friend, I m fully agreed with your veiws. do u think partial shortterm buying could be done at current levels?

 

[arvindagra2000]

hi friend, I m fully agreed with your veiws. do u think partial shortterm buying could be done at current levels?

 

[uasish]

Suppose US goes through recession,our export oriented companies will be hurt.
India is a more domestic demand driven,countries more dependent on export will feel the heat.Comparitively we dont have to worry much.
FII's are disturbed & at any sign of distress this Smart money flees fast.Again at any smell of blood (opurtunity) they will pounce early.
We where trading even before they came ,in hordes ,& would be trading even when they are absent.

 

[alpesh14]

US weekly unemployment claims came at 375K. Anything above 345K is recessionary. We have to wait for couple of more weeks of data before establishing a trend.

who knows what will happen in couple of weeks. As of now I am just thinking for today. US market is in green for now. I hope US market to be in green for tomorrow also. Lets hope google gives us boost with their great earning report.

I am sure/hope sensex opens higher tomorrow.

 

[Venkat123]

alpesh,
Happy trading.

 

[alpesh14]

Thanks Venkat,

I am not a pro in financial market. whatever I know is from my reading. I started invest very recently and I invest only that money which i can afford to loose and I don't expect to get 30 - 40 - 50% return in few weeks or months.

I am not going to buy/sell anything tomorrow.

 

[Venkat123]

alpesh,
I'm not very experienced myself but the best long term returns for me have been bi monthly investments in market index funds.

 

[rsatheesh2002]

Sensex started it's journey towards 21k.

Give me 3 months all of us will forget how much pain we have taken in the last month.

Warm Regards

 

[digest]

market might see some downward trend but
reliance power refund should bring live back.